Pressure Sensor Market Size, Share, Growth Analysis, By Connectivity(Wired Sensors, Wireless Sensors), By Sensing Method(Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic), By Sensor Type(Absolute Pressure Sensors, Gauge Pressure Sensors, Differential Pressure Sensors, Sealed Pressure Sensors), By Pressure Range(Up To 100 PSI, 101–1,000 PSI, Above 1), By End Use(Automotive, Medical, Manufacturing, Utilities), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45N2019 | Region: Global | Published Date: October, 2024
Pages: 260 |Tables: 94 |Figures: 76

Pressure Sensor Market Insights

Pressure Sensor Market size was valued at USD 10.98 Billion in 2023 and is poised to grow from USD 11.7 Billion in 2024 to USD 19.52 Billion by 2032, growing at a CAGR of 6.60% during the forecast period (2025-2032).

Rapidly increasing adoption of Internet of Things (IoT) technologies and growing investments in industrial automation are projected to bolster the sales of pressure sensors in the future. Rapid industrialization around the world is also offering an opportune setting for pressure sensor sales going forward. The surge in automotive production and the growing use of pressure sensors in vehicles are also slated to create new opportunities for pressure sensor suppliers over the coming years. Advancements in sensor technologies and growing investments in the R&D of advanced sensors with enhanced capabilities are also favoring the demand for pressure sensor through 2031. Imposition of stringent safety regulations necessitating the use of pressure sensors are also favoring the global pressure sensor market outlook. However, complexity in integration, supply chain disruptions, high costs of advanced sensors, and market saturation are predicted to impede pressure sensor demand across the study period. 

US Pressure Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2025-2032

Global Market Size

USD 17.81 billion

Largest Segment

Wired Sensor

Fastest Growth

Wireless Sensor

Growth Rate

4.4% CAGR

Global Pressure Sensor Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Pressure Sensor Market Segmental Analysis

Global Pressure Sensor Market is segmented by Connectivity, Sensing Method, Sensor Type, Pressure Range, End Use, and region. Based on Connectivity, the market is segmented into Wired Sensors, and Wireless Sensors. Based on Sensing Method, the market is segmented into Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical, and Other Sensing Methods. Based on Sensor Type, the market is segmented into Absolute Pressure Sensors, Gauge Pressure Sensors, Differential Pressure Sensors, Sealed Pressure Sensors, and Vacuum Pressure Sensors. Based on Pressure Range, the market is segmented into Up To 100 PSI, 101–1,000 PSI, Above 1,000 PSI. Based on End Use , the market is segmented into Automotive, Medical, Manufacturing, Utilities, Aviation, Oil & Gas, Marine, Consumer Devices, Other End Uses. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa. 

Pressure Sensor Market Analysis by Connectivity 

Wired sensors are forecasted to account for the largest global pressure sensor market share. High availability of wired pressure sensors in multiple configurations suited for a wide variety of industry verticals is cementing the dominance of this segment. Ease of installation, high reliability, and low power consumption are some key benefits of wired pressure sensors allowing them to bring in most revenue for market players. Lower radio frequency interference, smaller size, and compatibility are other benefits of wired sensors that drive their popularity and adoption around the world. This segment is expected to lose some share to wireless sensors by the end of the forecast period.  

Meanwhile, the demand for wireless sensors is forecasted to increase at a notable pace over the coming years. Ease of portability, enhanced safety, and cost-effectiveness are some key aspects of wireless sensors driving their popularity among end users. The rapid adoption of industrial automation and growing demand for remote monitoring in different industry verticals are also projected to boost the sales of wireless pressure sensors through 2031 and beyond. Moreover, advancements in wireless connectivity technologies are also predicted to create new opportunities for pressure sensor providers targeting this segment. The rapid adoption of 5G connectivity technologies is also slated to help promote sales of wireless sensors going forward.  

Pressure Sensor Market Analysis by Sensor Type 

Absolute pressure sensors are forecasted to bring in the most revenue for the global pressure sensor industry over the coming years. Absolute pressure sensors are preferred for their highly accurate readings and their ability to take precise measurements irrespective of atmospheric pressure. Growing emphasis on taking error-free readings in multiple applications is projected to cement the dominance of this segment going forward. Increasing adoption of absolute pressure sensors for vacuum packaging medical products in a clean environment is also expected to present new opportunities for market players in the long run. The need for better tyre pressure monitoring systems is also slated to help this segment boost revenue generation going forward.  

On the other hand, the demand for differential pressure sensors is estimated to increase at a robust pace across the study period and beyond. The growing emphasis on safety across multiple industry verticals is primarily promoting the sales of differential pressure sensors going forward. The use of these sensors to measure levels of liquids, process monitoring, and blockage detection are expected to create new business scope for pressure sensor companies over the coming years. Moreover, differential pressure sensors can also enhance the efficiency of certain systems and also potential reduce downtime of systems to maximize productivity for organizations. 

Global Pressure Sensor Market By Connectivity

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Pressure Sensor Market Regional Insights

The Asia Pacific region is projected to emerge as a leading market for pressure sensor companies across the study period and beyond. Rapid industrialization, growing automotive manufacturing, and rising adoption of industrial automation are expected to be key factors promoting sales of pressure sensors in this region. China is expected to emerge as the most opportune market in this region owing to the presence of an expansive manufacturing industry in the country. India, Japan, and South Korea are other noteworthy markets for pressure sensor providers looking to boost their business scope in the Asia Pacific region. The imposition of stringent safety mandates is also supplementing the sales of pressure sensors in this region.  

Meanwhile, North America is expected to emerge as the fastest-expanding market for pressure sensor suppliers in the long run. Extensive use of pressure sensors in automotive systems, rapid increase in use of Industrial IoT solutions, and quick adoption of advanced sensor technologies are helping generate new business scope in this region. The presence of robust oil & gas and medical industry verticals along with leading pressure sensor suppliers is also expected to favor pressure sensor market growth in this region going forward. Canada and the United States are estimated to remain highly attractive markets for pressure sensor companies looking to make a mark in the North American region through 2031. 

Global Pressure Sensor Market By Region
  • Largest
  • Fastest

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Pressure Sensor Market Dynamics

Pressure Sensor Market Driver

High Adoption in Automotive Industry 

  • Pressure sensors are projected to be highly popular in the automotive industry owing to their wide application scope in tire pressure monitoring, engine control, and advanced driver assistance systems (ADAS). Growing automotive production and rising emphasis on vehicle safety are expected to promote the sales of pressure sensors in the future.  

Growing Use of Industrial IoT (IIoT) Solutions 

  • Rapidly increasing adoption of IIoT solutions around the world owing to growing emphasis on industrial automation and remote monitoring are slated to promote pressure sensor market growth over the coming years. Pressure sensors allow real-time monitoring of pressure levels in manufacturing, oil & gas, and power generation, enhancing operational efficiency and predictive maintenance capabilities in these industries.  

Pressure Sensor Market Restraints 

Complexity in Integration 

  • Integrating advanced pressure sensors with existing systems and infrastructure can be a challenge owing to compatibility issues. The need for specialized interfaces to integrate advanced pressure sensors with systems adds up to the overall complexity of deployment and hurts the global pressure sensor demand outlook to a certain extent in the future.  

Supply Chain Disruptions 

  • Supply chain disruptions affecting demand and supply of pressure sensors are also expected to have a negative impact on market development. Reduced profits, delays in raw material supply, and economic slowdowns are some key factors that are expected to cause supply chain disruptions and impede the global pressure sensor market forecast in the long run. 

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Pressure Sensor Market Competitive Landscape

Pressure sensor companies should invest in the development of advanced sensors with wireless and smart capabilities to boost revenue generation potential. Targeting industrial automation and automotive industry is expected to offer lucrative returns for pressure sensor suppliers in the long run. Integration of smart technologies with pressure sensors is also expected to present new opportunities for market players going forward. 

Pressure Sensor Market Top Players Company Profiles

  • Honeywell International Inc. (US) 
  • ABB (Switzerland) 
  • Emerson Electric Co. (US) 
  • Amphenol Corporation (US) 
  • TE Connectivity (Switzerland) 
  • Sensata Technologies, Inc. (US) 
  • TT Electronics (UK) 
  • Rockwell Automation (US) 
  • Schneider Electric (France) 
  • Siemens (Germany) 
  • STMicroelectronics (Switzerland) 
  • Infineon Technologies AG (Germany) 
  • NXP Semiconductors (Netherlands) 
  • Yokogawa Electric Corporation (Japan) 
  • Endress+Hauser Group Services AG (Switzerland) 
  • Bosch Sensortec GmbH (Germany) 
  • IFM Electronic GmbH (Germany) 
  • Jumo GmbH & Co. KG (Germany) 
  • Kita Sensor Tech. Co., Ltd. (South Korea) 
  • Nidec Corporation (Japan) 
  • Phoenix Sensors (US) 
  • Micro Sensor Co., Ltd. (China) 
  • Kistler Group (Switzerland) 
  • Omega Engineering, Inc. (US)

Pressure Sensor Market Recent Developments

  • In January 2024, Melexis, a leading provider of semiconductor solutions based in Belgium announced the launch of a new MEMS pressure sensor. The new sensor operates on the company’s patented Triphibian architecture and is capable of handling gas and liquid media measurement from 2 to 70 bar in a 16pin SO16 package.  
  • In February 2021, Bosch, a leading engineering and technology company announced the launch of its new barometric pressure sensor. The BMP384 sensor is designed for wearables, home appliances and industrial applications in harsh environments and provides waterproof capabilities to help companies create waterproof products easily.  
  • In September 2023, Infineon, a leading semiconductor provider announced the launch of a new tyre pressure monitoring sensor. Xensiv SP49 tyre pressure monitoring sensor features a 32-bit Arm M0+ core for large flash memory required in intelligent tyre pressure monitoring applications. 

Pressure Sensor Key Market Trends

  • Wireless and Smart Sensors: Pressure sensor companies should invest in the research and development of wireless and smart pressure sensors to maximize their business growth in the future. Ease of installation, low maintenance, and ability to transmit data in real-time are some key benefits of these novel sensors. Surging adoption of Industrial IoT (IIoT) is slated to make this a vital global pressure sensor market in the long run. 
  • Energy Efficient Sensors: Pressure sensor providers are expected to focus on the development of energy-efficient sensors to increase their application scope in portable devices and applications. Low-power MEMS pressure sensors are becoming popular in applications like smartwatches, drones, and remote monitoring systems. Hence, developing such energy-efficient sensors is expected to boost revenue generation for market players across the study period and beyond.

Pressure Sensor Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.  

As per SkyQuest analysis, the growing use of pressure sensors in industrial automation and the automotive industry are projected to drive pressure sensor market development in the future. On the contrary, challenges in integration and supply chain disruptions are expected to impede the sales of pressure sensors across the study period and beyond. The Asia Pacific region is forecasted to spearhead pressure sensor demand owing to the presence of robust industrial and automotive manufacturing activity in countries such as China and India. Development of energy-efficient, smart, and wireless pressure sensors is expected to present new revenue generation opportunities for pressure sensor providers in the long run. 

Report Metric Details
Market size value in 2023 USD 10.98 Billion
Market size value in 2032 USD 19.52 Billion
Growth Rate 6.60%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Connectivity
    • Wired Sensors, Wireless Sensors
  • Sensing Method
    • Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical, Other Sensing Methods
  • Sensor Type
    • Absolute Pressure Sensors, Gauge Pressure Sensors, Differential Pressure Sensors, Sealed Pressure Sensors, Vacuum Pressure Sensors
  • Pressure Range
    • Up To 100 PSI, 101–1, 000 PSI, Above 1, 000 PSI
  • End Use
    • Automotive, Medical, Manufacturing, Utilities, Aviation, Oil & Gas, Marine, Consumer Devices, Other End Uses
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Honeywell International Inc. (US) 
  • ABB (Switzerland) 
  • Emerson Electric Co. (US) 
  • Amphenol Corporation (US) 
  • TE Connectivity (Switzerland) 
  • Sensata Technologies, Inc. (US) 
  • TT Electronics (UK) 
  • Rockwell Automation (US) 
  • Schneider Electric (France) 
  • Siemens (Germany) 
  • STMicroelectronics (Switzerland) 
  • Infineon Technologies AG (Germany) 
  • NXP Semiconductors (Netherlands) 
  • Yokogawa Electric Corporation (Japan) 
  • Endress+Hauser Group Services AG (Switzerland) 
  • Bosch Sensortec GmbH (Germany) 
  • IFM Electronic GmbH (Germany) 
  • Jumo GmbH & Co. KG (Germany) 
  • Kita Sensor Tech. Co., Ltd. (South Korea) 
  • Nidec Corporation (Japan) 
  • Phoenix Sensors (US) 
  • Micro Sensor Co., Ltd. (China) 
  • Kistler Group (Switzerland) 
  • Omega Engineering, Inc. (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Pressure Sensor Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Pressure Sensor Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Pressure Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pressure Sensor Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pressure Sensor Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Pressure Sensor Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Pressure Sensor Market size was valued at USD 10.98 Billion in 2023 and is poised to grow from USD 11.7 Billion in 2024 to USD 19.52 Billion by 2032, growing at a CAGR of 6.60% during the forecast period (2025-2032).

Pressure sensor companies should invest in the development of advanced sensors with wireless and smart capabilities to boost revenue generation potential. Targeting industrial automation and automotive industry is expected to offer lucrative returns for pressure sensor suppliers in the long run. Integration of smart technologies with pressure sensors is also expected to present new opportunities for market players going forward.  'Honeywell International Inc. (US) ', 'ABB (Switzerland) ', 'Emerson Electric Co. (US) ', 'Amphenol Corporation (US) ', 'TE Connectivity (Switzerland) ', 'Sensata Technologies, Inc. (US) ', 'TT Electronics (UK) ', 'Rockwell Automation (US) ', 'Schneider Electric (France) ', 'Siemens (Germany) ', 'STMicroelectronics (Switzerland) ', 'Infineon Technologies AG (Germany) ', 'NXP Semiconductors (Netherlands) ', 'Yokogawa Electric Corporation (Japan) ', 'Endress+Hauser Group Services AG (Switzerland) ', 'Bosch Sensortec GmbH (Germany) ', 'IFM Electronic GmbH (Germany) ', 'Jumo GmbH & Co. KG (Germany) ', 'Kita Sensor Tech. Co., Ltd. (South Korea) ', 'Nidec Corporation (Japan) ', 'Phoenix Sensors (US) ', 'Micro Sensor Co., Ltd. (China) ', 'Kistler Group (Switzerland) ', 'Omega Engineering, Inc. (US)'

Pressure sensors are projected to be highly popular in the automotive industry owing to their wide application scope in tire pressure monitoring, engine control, and advanced driver assistance systems (ADAS). Growing automotive production and rising emphasis on vehicle safety are expected to promote the sales of pressure sensors in the future.  

Wireless and Smart Sensors: Pressure sensor companies should invest in the research and development of wireless and smart pressure sensors to maximize their business growth in the future. Ease of installation, low maintenance, and ability to transmit data in real-time are some key benefits of these novel sensors. Surging adoption of Industrial IoT (IIoT) is slated to make this a vital global pressure sensor market in the long run. 

The Asia Pacific region is projected to emerge as a leading market for pressure sensor companies across the study period and beyond. Rapid industrialization, growing automotive manufacturing, and rising adoption of industrial automation are expected to be key factors promoting sales of pressure sensors in this region. China is expected to emerge as the most opportune market in this region owing to the presence of an expansive manufacturing industry in the country. India, Japan, and South Korea are other noteworthy markets for pressure sensor providers looking to boost their business scope in the Asia Pacific region. The imposition of stringent safety mandates is also supplementing the sales of pressure sensors in this region.  

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